Top-tier lender Stanbic Bank #ticker:CFC has embarked on a more aggressive drive to get its clients to repay overdue loans as it seeks to reverse the sharp rise in defaults experienced in the third quarter of this year.
The financier, which is among the eight tier-one lenders that together controlled 65.3 per cent market share of total net assets of the banking industry last year, has reported one of the biggest growths in gross non-performing loans (NPLs).
